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1 <br />2 <br />3 <br />4 <br />5 <br />6 <br />7 <br />8 <br />9 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />29 <br />30 <br />31 <br />32 <br />Department Approval <br />e,6 Z'e. ,ri14 <br />Date: 5/18/09 <br />Item: 12.f <br />RCA 2 Of 2 <br />Rskspac+Ey <br />REQUEST FOR COUNCIL ACTION <br />Date: 5/11/09 <br />Item No.: 12.d <br />RCA 2 of 2 <br />Acting City Manager Approval <br />Item Description: Discussion on Alternative Revenue Sources <br />Z 0 <br />10, 1 <br />BACKGROUND <br />As the City prepares for the expected loss of $400,000 in Market Value Homestead Credit (MVHC), and <br />recognizing the importance of achieving long -term financial sustainability, the City is faced with the <br />prospect of reducing program and service levels. While the re- evaluation of the City's program offerings is <br />on- going, it is arguably prudent to at least consider alternative revenue sources as a means of minimizing <br />program and service cuts. <br />Over the past several years, City Staff have identified a number of potential revenue sources that are in use <br />in other municipalities and that could be implemented in Roseville. We have also identified some potential <br />sources that would offset specific program costs. They include (but are not limited to): <br />❖ Gas and /or electric franchise fee <br />❖ Street light utility fee <br />❖ Continued regional cooperation efforts <br />❖ Special services district assessments <br />❖ Commercial police patrol fee <br />❖ Increase business licensing fees <br />❖ Increases fines <br />❖ Vehicle towing fees <br />❖ Animal recover /transport fee <br />❖ Home security check fee <br />❖ Increase business alarm fees <br />❖ Student enrollment fee <br />These new revenue sources not only could be used to offset the loss of MVHC, it could also provide greater <br />transparency in demonstrating the amounts needed to fully recover program costs. In addition, they could <br />be used to strengthen the City's asset replacement funding mechanisms. <br />Individually, these revenues sources, such as the vehicle towing fee might garner as little as $10 -20 per <br />occasion. By contrast, if the City enacted a street light utility or electric franchise fee it could generate <br />hundreds of thousands of dollars annually. <br />Pagel of 3 <br />